Camas, Washington was incorporated as a town in 1906. Prior to its formal incorporation, LaCamas Colony Company selected the townsite for their new papermill. Owner of the Oregonian newspaper, Henry L. Pittock, needed water to power paper-making machines and found it in the lakes behind the LaCamas region. Camas is named after a flower that is similar to a hyacinth. It was a bulb that was an important part of the diet of Columbia River valley Indians. They called the flower “Kamass”.
Camas is home to approximately 19,620 residents and several large, hi-tech manufacturing industries. The city is home to Sharp Microelectronics and Sharp Labs of America, Linear Technology, Wafer Tech, Underwriters Laboratories, and others have built and located in this newer area. From its origins over 100 years ago as a paper-mill town, which still boasts a mill operated by Georgia-Pacific Corporation, Camas has expanded, developed, and successfully blended a mix of cultures, values, and vision.
Camas WA Retail Investment Market Analysis
- Vacancy rate has decreased from 6% in late 2013 to 2.4% in late 2014
- There is a positive 12 Mo. Absorption rate of 9,588 with the 5 year average being 3,693
- Median months to sale is approx. 21 months compared to 15 months is late 2013
Summary of Industrial Statistics 2015
- Port of Camas/Washougal: 155,000 SF approximately, Industrial Space, 100% occupancy.
Residential Market in Camas, WA
Comparing the average price of homes sold in the twelve months ending March 31st of this year ($370,200) with the average price of homes in the twelve months ending March 2017 ($334,100) shows an increase of 10.8%. the same comparison of the median shows an increase of 12.6% over the same period, from $297,500 to $334,900.
The median sales price for Camas/Washougal is $414,500.